Coin endorsed by planners
Coin Software was the top ranking financial planning software and IWL’s VisiPlan had the fastest rate of enhancement in 2005, according to an independent competitive report into the planning software industry.
The report rated Coin number one for planning software for the second consecutive year.
Coin managing director Tony Graham said the functionality of the software, which was purchased earlier this year by Macquarie Adviser Services, had continued to develop over the past 12 months.
“We believe that the new functionality that we will be introducing during the next 12 months will help us maintain that market leading position,” he said.
Graham said a risk comparison module, stronger integration with selected platforms, and customer relationship management enhancements would be key features of the enhancements.
The competitive analysis report for 2005, which was conducted by Investment Trends, found VisiPlan had a rate of enhancement more than three times the industry average.
EGM Advisory Software Solutions’ Phillip Thomas, representing IWL, said the company had invested between $7 million and $9 million into financial advisory software during the last financial year, with VisiPlan 7.2 due for release in early 2006.
“This release of VisiPlan marks the final stages of the integration of functionality from BizmaX, the practice management software acquired by IWL in 2003,” he said.
Thomas said the improvements had attracted new uses, with 10 per cent more VisiPlan licenses issued in 2005 than in the previous year.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.